Page 69 - Russia OUTLOOK 2023
P. 69
How much does one need to cut Russia's oil output for the budget to feel the
pain? With oil at $50 and oil output declining by 20%, Russia would lose 3.8%
of GDP in revenues. If the ruble deprecates to RUB150/$, it loses 2.2%.
69 Russia OUTLOOK 2022 www.intellinews.com
